Guyana News

 The latest Guyana news from Stabroek News including oil and gas coverage, crime, politics, culture, business and more.

Former Amerindian Affairs Minister Pauline Sukhai in heckle mode (Photo by Keno George)
Former Amerindian Affairs Minister Pauline Sukhai in heckle mode (Photo by Keno George)

‘Death announcement’ budget animates both sides of the House

He entered the Parliament Chambers to loud cheers and desk thumping by his colleagues some of whom grabbed his hand as he passed, even as he momentarily had one hand in midair giving the impression that something good was in store, but when he concluded, perhaps even some of Finance Minister Winston Jordan’s colleagues might have agreed with an opposition heckler that it was a ‘three-hour death announcement’.

Inflation running at 1.1% – Jordan

Inflation for the 12-month period up to October 2016 was 1.1% and the rate at the end of the year is expected to be 1.3% while next year’s projected figure is targeted at 2.5%.

Finance Minister Winston Jordan arrives at the Public Buildings for yesterday’s budget presentation. (Photo by Keno George)

Mabaruma solar farm among gov’t $1B renewable projects

Government has set aside close to $1 billion in the 2017 budget for renewable energy and energy efficiency projects, which will include a large-scale solar farm at Mabaruma, according to Finance Minister Winston Jordan, who also announced plans to grant a range of tax exemptions for clean energy and recycling ventures.

Salary increase statement was ‘fair comment’

PPP/C MP Juan Edghill on Friday appeared before the Privileges Committee of Parliament and used the argument of fair comment to defend statements he made in the House about the quantum of controversial salary increases awarded to APNU+AFC ministers last year.

Budget speech 2017

1 1. Introduction 1.1 Mr. Speaker, I rise to move the motion for the approval of the Estimates of the Public Sector and the Budget for the Financial Year 2017 and, in doing so, I wish to indicate that Cabinet has recommended that the National Assembly proceed upon this motion, pursuant to Article 171, Paragraph 2, of the Constitution of the Co-operative Republic of Guyana.

Tax threshold to rise

Finance Minister Winston Jordan today announced an increase in the income tax threshold from $660,000 per annum to the greater of $720,000 or one-third of an employee’s gross salary.

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